Crypto markets have risen above the recent price action, which pushed the global market capitalization below $930 billion. However, the current price jump pushed the market capitalization above $1 trillion and also showed the possibility of a continued uptrend in the future. Even though the bulls have gained enough strength, they still may not go up the BTC Price Levels Beyond $24,000. Also, the Ethereum price may thrive and reach $1800 in the coming days.
Bitcoin (BTC)
Born out of anger against the banking system, Bitcoin rebounded from the biggest US banking collapse since 2008 in just 3 days and is now trading above $22,000. The price showed a near perfect retest of the 200-day MA levels and the downtrend line. The flagship crypto with the latest retest has reached the initial target close to $22,400, but it may not break above $24,000 anytime soon.
The BTC price has been stuck inside the ascending triangle since the beginning of the year and has faced rejections and bounces frequently. Currently, the price has recovered from the crucial support at the 200-day MA, but it certainly cannot break out of the overhead resistance zone. You can hold a consolidating trend within the triangle until it peaks, then break above the consolidation and go higher.
Ethereum (ETH)
Furthermore, the Ethereum price has also been trading in a decisive phase and has rallied nicely before testing the lower support of the symmetrical pennant. The strength of the bulls has paved the way for the second largest token to remain self-assured about the upcoming rally. Before long, the price may test the triangle resistance at $1666 and breakout to go higher.
Similar to Bitcoin, the ethereum price it has also caused a bounce from the 200-day MA levels, but not from the lower triangle support. Therefore, portability emerges of price rallying through resistance and marking interim highs beyond $1700. However, it may not hold above these levels for longer as market sentiment The market remains neutral to bearish, which may affect the strength of the coming rally.
